Ramco Systems plans to mop up Rs 125 crore via rights issue

16 Aug 2013

Ramco Systems is planning to raise Rs 125 crore through rights issue in the next few months. The company will utilise the issue proceed for branding and marketing operations and also to retire some of its debt.

The current debt level of the company is about Rs 320 crore. The Chennai-based company will also increase its focus on enterprise cloud platform, products and services. Further, the company is planning to leverage its expertise in mobility and spend more on R&D in this segment.

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.

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